Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Macro Musings with David Beckworth
00:00
The Role of Financial Sanctions in the Decline of the Dollar
The more the United States uses financial sanctions, the more it uses the dollar as a coercive tool. It sort of demonstrates to foreign actors that dependence on the dollar leaves you vulnerable to U.S. coercion,. Therefore, if you're worried about that, how should you respond? Any rational actor would try and increase autonomy, increase resilience to that sort of coercive pressure.
Transcript
Play full episode
